date:Jun 27, 2014
Private-label food retailer TreeHouse Foods Inc is in late-stage talks to acquire Flagstone Foods, a maker of dried fruits and nuts, for between $800 million and $900 million, people familiar with the matter said on Thursday.
Oakbrook, Illinois-based TreeHouse Foods has prevailed over Chinese private equity firm Hony Capital Co at the final stage of the auction for Flagstone, which is owned by San Francisco-based private equity firm Gryphon Investors, the people said.
The people cautioned that